Splunk's 2021 Global Impact Report Highlights a Data-Driven Approach to Addressing Important Global Challenges
Splunk, the data platform leader for security and observability, released its 2021 Global Impact Report, detailing the company’s approach and engagement with the societal and environmental issues that matter most to its stakeholders and business.
The 2021 Global Impact Report outlines Splunk’s new Global Impact mission, guiding principles, and the company’s four-pillar Global Impact Strategy. The report reflects Splunk’s core belief that data and innovation can help solve seemingly intractable problems.
- Social Impact
In 2020, Splunk embarked on a comprehensive Social Impact Strategy modernization. And over the next five years, the company will aim to harness the power of data and people to shift its Social Impact initiatives towards the new Global Impact mission to bridge the data divide to find actionable solutions for humanity’s greatest challenges. Data is a key ingredient to finding the insights into what solutions are working and Splunk’s Social Impact initiatives are designed to empower everyone equitably.
The 2021 Global Impact Report outlines the Social Impact programs, commitments and initiatives that help Splunk engage communities, employees, businesses, nonprofits and academia, and empower traditionally underrepresented members of society, providing pathways to thrive in the data age.
- Ethical and Inclusive Growth
Splunk’s mission to remove the barriers between data and action, so that everyone thrives in the Data Age, is core to its ethical and inclusive growth goals. Diversity, equity and inclusion (DEI) initiatives are foundational to fulfilling these goals and core to Splunk’s values and mission. Splunk prioritizes diversity at all levels of the company and believes it is essential for success, innovation and competitive advantage.
To share progress, the company publishes its Splunk Diversity, Equity and Inclusion Annual Report and key metrics of workforce composition, which is also included in the ESG Data Tables section of the 2021 Global Impact Report for further transparency.
- Data Responsibility
As a data company, Splunk understands the critical importance of data privacy and security as well as responsibly investing in the governance and technology required to protect data in an increasingly complex, global environment. Privacy and security by design are top of mind throughout its development process, and Splunk complies with the industry and international security standards that matter most to its customers.
Splunk also supports a flexible policy framework that builds confidence and trust in AI systems, encourages investment in related research and development, strengthens cybersecurity and privacy protections, and takes into account different types of AI and machine learning to avoid hampering innovation unnecessarily.
- Environmental Sustainability
Splunk is all-in on sustainability and leveraging its technology, expertise and talent to help build a safe, sustainable world that inspires and nourishes generations to come. The company recently announced its intent to achieve net zero greenhouse gas emissions by 2050 and a commitment to set a suite of shorter-term five, ten, and fifteen year science-based targets by the end of fiscal year 2023. All targets will be submitted to the Science Based Target initiative (SBTi) and will be consistent with a 1.5°C ambition level.
A refreshed climate risk and opportunities assessment will also be conducted over the course of the company’s next fiscal year as part of its global Climate Resilience and Innovation Strategy planning work. The assessment will evaluate physical and transitional risks related to climate change. Results of the assessment will be shared in alignment with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
Splunk’s 2021 Global Impact Report celebrates employees and key partnerships using data for good. The company’s response to COVID-19, including how employees helped to create informative public-facing data dashboards and a screening and testing solution used during the initial outbreak, is also highlighted.
Splunk’s Global Impact Report aligns to the Sustainability Accounting Standards Board (SASB), The Climate-related Financial Disclosures Board (TCFD) and the latest version of the GRI Standards, the leading practice frameworks and guidelines for corporate reporting.